A superhero parody from CHARLTON PREMIERE.
The main characters in this story seem to be different versions of Archie, Betty, Reggie, and Jughead from Archie comics, but "Jack Biceps" is a reference to "JackArmstrong", an old radio show. "Sinistro" sounds very much like "Green Lantern's" foe "Sinestro", and the character is a "Boy Fiend" instead of being the blonde's boyfriend.
In Archie comics, Jughead was preoccupied with food, but that was more or less normal stuff like hamburgers and ice cream.
The name "Shirlee" is vaguely similar to "Betty".
"The Peacemaker" and "the Blue Beetle" are Charlton Comics characters and identified by name. The other superheroes belong to other companies. "Captain USA" is like a different version of "Captain America" and "the Green Spider" is like a different version of "Green Lantern" and "Spiderman".
"Superguy" is like a different version of "Superman".
The mother looks like "Josie" of "Pussycats" fame - same hair, and same ribbon.
"Mosa Dosa" is a different version of "La Cosa Nostra", which is another name for the Mafia.
"Irish Hymie Schultz" is alike another version of "Dutch Schultz", a prohibition era gangster.
"I dood it!" was one of Red Skelton's lines when he was being "The Mean Widdle Kid".
The airplane belongs to Charlton's "Peacemaker".
"Up, up, and away!" comes from the old Superman radio show.
"Shuuzoom" is a variation of "Shazam", the magic word that "Billy Batson" used to transform into "Captain Marvel".
The story in Archie comics was that Betty was supposed to be in love with Archie, but that Archie tended to ignore her and act like he preferred Veronica.
The girl in this story is drawn with the same hairdo they used to have on Betty in Archie comics, which was also the same hairdo that Stella Stevens had in the movie THE NUTTY PROFESSOR.
You also see the same hairdo on other girls in comics, and it does seem to be related to Stella Stevens having worn that hairdo in that movie.